Insurance news

• Arizona Insurance Council Now Arizona Insurance Institute

  09-03-2016 21:42
  
  The board of directors of the Arizona Insurance Council has changed the name of its property/casualty insurance trade association. The group will now be operating as the Arizona Insurance Institute. The name change is to reflect a new direction for …
  
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• Woodruff-Sawyer Names Landucci Vice President in California

  09-03-2016 21:09
  
  Woodruff-Sawyer & Co. has named Michael Landucci vice president and account executive of the firm’s San Francisco, Calif.-based construction practice. He has 14 years of experience and has specialized in risk management and coverage placement for mid-size and large U.S. …
  
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• Erin Andrews case is a lesson in comparative negligence

  09-03-2016 20:45
  
  Decision demonstrates that hotels are expected to make reasonable efforts to protect guests’ privacy.
  
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• Marijuana Legalization Proposal Draws Support, Opposition in Mass.

  09-03-2016 18:59
  
  Supporters and foes of legalizing marijuana gathered at the Massachusetts Statehouse on Monday to weigh in on a proposal that would allow the recreational use and possession of marijuana up to an ounce for those 21 and older. The proposal …
  
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• BHSI Forms Medical Stop Loss Division

  09-03-2016 18:59
  
  Berkshire Hathaway Specialty Insurance Company (BHSI) announced the formation of a dedicated Medical Stop Loss Division and has appointed John Snyder to lead the effort. The company also named David Friedly as head of Underwriting and Glenn Funk as actuary …
  
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• How Insurance for Nonprofits Has Changed for the Better

  09-03-2016 18:51
  
  When Pamela Davis started in the insurance industry 26 years ago, there were few insurance markets willing to take on the unique risks of nonprofit organizations. Back then, says Davis, who is now president and CEO of the Nonprofits Insurance …
  
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• Missouri House Approves Bill Expanding Food Producers’ Ability to Sue

  09-03-2016 18:48
  
  The Missouri House has passed a bill that would make it easier for food producers to sue people for spreading false information about their products. Lawmakers voted 131-23 to send the bill to the Senate. The proposal would allow producers …
  
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• Cook Maran Promotes Fallon to Personal Insurance Advisor in New York

  09-03-2016 18:47
  
  Cook Maran & Associates, an insurance brokerage and consulting firm with offices in New York and New Jersey, announced that Caetlyn Fallon has been promoted to a personal insurance advisor position following a 12-month training process. She is based in …
  
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• Texas Adopts Revised Workers’ Comp Classification Relativities

  09-03-2016 18:40
  
  Texas Insurance Commissioner David Mattax has issued an order adopting revised workers’ compensation classification relativities. The order reduces the overall level of the classification relativities by 10 percent. A public hearing under Docket No. 2784 was on Dec, 16, 2015, …
  
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• GEICO Dallas Begins Moving to Richardson

  09-03-2016 18:37
  
  GEICO’s Dallas regional office is moving to a new location at 2280 North Greenville Avenue in Richardson, Texas. The new Dallas office will house more than 2,000 GEICO associates over time and provides more opportunities for future jobs, growth and …
  
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• Traffic Fatalities Increase Wisconsin

  09-03-2016 18:34
  
  Transportation officials are attributing a sharp increase in the number of traffic deaths in Wisconsin this year to low gas prices and warmer weather. The Milwaukee Journal Sentinel reports that 79 people were killed on state roads in January and …
  
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• ‘Cool’ Austin Icy Toward Uber, Airbnb, Bristling Tech Sector

  09-03-2016 18:33
  
  Austin, Texas, boasts a reputation as one of most cutting-edge cities in the U.S, but new local regulations on ride-hailing apps such as Uber and rental sites such as Airbnb are stirring discontent in the tech sector, where some entrepreneurs …
  
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• North Texas Slammed by Storms: Homes Damaged, School Bus Stranded

  09-03-2016 18:29
  
  A severe thunderstorm, possibly a tornado, damaged at least seven homes scattered over a rural area of North Texas. The storm roared through the area between Weatherford and Mineral Wells about 6:15 p.m. Monday at a time when National Weather …
  
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• North Dakota Hospital Sued over Hepatitis C Outbreak

  09-03-2016 18:26
  
  Victims of the largest hepatitis C outbreak in recent U.S. history dropped their claims against a Minot, N.D., nursing home, which joined them in suing a hospital, which they both say is really at fault. Twenty-one outbreak victims and ManorCare …
  
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• Selective CFO Thatcher to Retire in September

  09-03-2016 18:25
  
  Selective Insurance Group Inc. in Branchville, New Jersey, announced that Dale A. Thatcher, executive vice president, chief financial officer and treasurer, will retire from the company effective Sept. 1, 2016. Selective said the company expects a successor to be named …
  
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• Groups Push for Texting-While-Driving Ban in Missouri

  09-03-2016 18:23
  
  Law enforcement, health care, insurance and transportation groups are urging Missouri lawmakers to ban texting while driving. A House panel heard testimony on three bills that would make it an infraction for a driver to read or send text messages …
  
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• Millennial homebuyers choose suburbs as urban U.S. prices climb

  09-03-2016 18:13
  
  Cities may be the top choice for millennials who rent apartments, but young homebuyers are moving in droves to the suburbs, where prices are lower and backyards are plentiful.
  
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• Hub International Acquires BenefitsMart in Massachusetts

  09-03-2016 18:04
  
  Hub International Limited announced that it has acquired the assets of BenefitsMart LLC, a benefits brokerage in Burlington, Massachusetts. Terms of the transaction were not disclosed. Founded in 1993, BenefitsMart specializes in employee benefits and provides services including insurance, compliance, …
  
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• Comprehensive Medical Marijuana Plan Rejected by Utah Lawmakers

  09-03-2016 17:34
  
  A proposal that would have made edible marijuana products legal in Utah for those with chronic pain has died, concluding a more than yearlong effort that was severely stunted after the Mormon church came out in opposition last month. The …
  
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• Water District in Nevada County Hit With Cyber-Attack

  09-03-2016 17:27
  
  The Clark County Water Reclamation District in Washington has been hit with a cyber-attack but officials say operations haven’t been disrupted and no customer or employee information was hacked. The agency said in a statement this week that its computer system …
  
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• Washington Casino Dealer Ordered to Repay $27K in Workers’ Comp Scam

  09-03-2016 17:25
  
  A Spokane, Wash. card dealer caught working at casinos while receiving disability benefits must repay more than $27,000. Victor Arredondo, 58, pleaded guilty this week in Spokane County Superior Court to felony second-degree theft and misdemeanor third-degree theft. Judge Gregory …
  
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• Why Pedestrian Traffic Fatalities Are on Rise

  09-03-2016 17:16
  
  The number of pedestrians killed in traffic accidents is expected to have risen by as much as 10 percent when final 2015 statistics are available. That would be the biggest increase ever recorded. The annual Governors Highway Safety Association (GHSA) …
  
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• Hub’s Vondrasek Joins MarshBerry as Vice President of Recruiting

  09-03-2016 16:19
  
  MarshBerry announced the hiring of Curt Vondrasek as vice president of Recruiting. Vondrasek’s responsibilities include growing and managing MarshBerry’s Producer Recruiting Services. Prior to joining MarshBerry, he worked for insurance broker Hub International as the chief business development officer,responsible for …
  
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• UK’s Towergate Hires Accenture to Manage IT Infrastructure Transformation

  09-03-2016 15:09
  
  Towergate, Europe’s largest independently owned insurance intermediary, is undertaking an IT infrastructure transformation across its entire business to address challenges posed by legacy systems and lack of integration and has chosen Accenture as its strategic service provider. The transformation program …
  
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• Home Depot Settles Data Breach Lawsuit for $19.5M

  09-03-2016 14:57
  
  Home Depot Inc. agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer will set up a $13 million fund to reimburse shoppers …
  
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• Around the P&C insurance industry: March 9, 2016

  09-03-2016 14:00
  
  News from Guidewire, Marsh & McLennan, Vertafore and more.
  
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• Great accomplishments require a great team

  09-03-2016 13:30
  
  The success of what you do will come down to the people you choose to work with.
  
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• Here's what the insurance agency of the (near) future will look like

  09-03-2016 13:15
  
  Across the industry, agencies will get bigger and fewer, with more specialties under a single roof.
  
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• Lawmakers Seek Audit of Mine Cleanup Insurance Program

  09-03-2016 12:41
  
  Federal auditors should examine a program that has allowed leading coal companies to lower cleanup insurance costs and could leave taxpayers on the hook if the miners declare bankruptcy, Democratic lawmakers said on Tuesday. Coal companies are responsible for spent …
  
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• Apple Ransomware Attack Thwarted Before Large Number of Computers Infected

  09-03-2016 11:09
  
  The first known ransomware attack on Apple Inc.’s Mac computers, which was discovered over the weekend, was downloaded more than 6,000 times before the threat was contained, according to a developer whose product was tainted with the malicious software. Hackers …
  
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• Chief Executive of Leading Romanian Insurance Company Charged with Fraud

  09-03-2016 10:35
  
  Anti-corruption prosecutors have charged one of Romania’s richest businessmen with money laundering and abusing his position as a chief executive of a leading insurance company. The anti-corruption prosecutors’ office charged Dan Adamescu on Monday with causing 800 million lei ($197 …
  
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• Ironshore Bolsters War & Terrorism Offering in Asia Pacific with Hill Appointment

  09-03-2016 10:19
  
  Ironshore International announces that James W. Hill has been named underwriting manager of Terrorism, Political Violence and War for the Asia Pacific region. Hill, who joins Ironshore from Willis Ltd., will be based in Ironshore’s Singapore office, reporting to Hui …
  
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• Financial Services Industry Fails to Support Women in Career Progression: Mercer

  09-03-2016 09:47
  
  The finance industry offers women a lot of work, especially at the entry level. But each rung up the career ladder, they are increasingly winnowed from the business by lagging recruiting, retention and promotion from within, according to new research. …
  
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• Finance Industry Fails to Support Women in Career Progression: Mercer Research

  09-03-2016 09:47
  
  The finance industry offers women a lot of work, especially at the entry level. But each rung up the career ladder, they are increasingly winnowed from the business by lagging recruiting, retention and promotion from within, according to new research. …
  
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• Allianz Plans to Sue VW over Share Drop Caused by Emissions Scandal: Source

  09-03-2016 08:53
  
  German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit would add to financial pressures …
  
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• Florida’s Rosier Insurance Hosts Training for Grads of Disabled Veterans Career Program

  09-03-2016 06:40
  
  Florida-based Rosier Insurance has collaborated with Disabled Veterans Insurance Careers (DVIC) to provide on the job training for its most recent class of disabled veterans. The recent DVIC class trained at the Rosier Insurance office in Bonita Springs, Fla., receiving hands-on experience and specialized training from Rosier Insurance …
  
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• Florida Passes Expanded Medical Marijuana Legislation, Bill Heads to Governor

  09-03-2016 06:30
  
  Florida’s contentious medical marijuana legislation is headed to Gov. Rick Scott. After 21/2 hours of debate on Monday, the Senate approved a House version of a bill (HB 307) that would expand the so-called “Right to Try” act, allowing medical …
  
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• Erin Andrews Awarded $55M in Illegal Video Civil Suit

  09-03-2016 06:14
  
  A jury awarded Erin Andrews $55 million on Monday in her lawsuit against a stalker who bought a hotel room next to her and secretly recorded a nude video, finding that the hotel companies and the stalker shared in the …
  
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